News Briefs – Page 3
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News briefs
Kering to buy a building in Milan for €1.3bn
Kering has acquired a historic building in Milan for about €1.3 billion from a subsidiary of Blackstone Property Partners Europe. Located via Monte Napoleone 8, on the “most prominent corner of the city’s Quadrilatero della Moda”, the 18th century building comprises five floors, totaling a gross area of 11,800 square ...
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News briefs
ANWR Schuh’s managing director steps down
Yvonne Breinlinger-Scheuring, the co-managing director of ANWR Schuh, the footwear business of the German buying group ANWR, stepped down at her own request on March 31. She had been in the role since Oct.1, 2023. Breinlinger-Scheuring previously worked for the shoe manufacturer Solidus for 12 years, including seven years ...
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News briefs
Keen and Namuk collaborate in kids’ sandals
Oregon-based footwear brand Keen announced its collaboration for the limited edition Seacamp sandal with the Swiss sustainable outdoor apparel brand Namuk. This latest limited-edition collaboration is in line with Keen’s commitment to promoting access to nature and inspiring the next generation of conservationists. One percent of each sale will go ...
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News briefs
ABG appoints a manager for Australia and New Zealand
Authentic Brands Group (ABG) announced the appointment of Lim Mi-Kyoung as senior vice president, head of Australia and New Zealand. In her new role, Mi-Kyoung will oversee ABG’s regional expansion, focusing on brand development and driving long-term growth. As ABG’s first employee based in Australia, she will build a team ...
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News briefs
Dr. Martens launches a collection with reclaimed leather
On March 26, Dr. Martens launched the Genix Nappa collection made from reclaimed leather provided by Gen Phoenix. “The collection aims to tackle waste by rescuing leather offcuts that would otherwise be destined for landfill and uses them to create a soft yet durable new material,” the British bootmaker said. ...
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News briefs
Chiara Ferragni dropped from Tod’s’ board
Tod’s is not reproposing Chiara Ferragni as a board director. The Italian entrepreneur, fashion influencer and blogger joined the board of the Italian luxury goods company in 2021 with the objective of helping Tod’s better approach young consumers. At the time, the news of her appointment boosted Tod’s’ share price ...
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News briefs
Barefoot shoes manufacturer Leguano grows in 2023
The German barefoot footwear specialist Leguano reported positive results for 2023, with sales increasing by 22 percent from the previous year to €53.85 million. The company said in a statement that “this strong growth highlights the successful implementation of our corporate strategy and the high demand for Leguano’s high-quality ...
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News briefs
New head at Marco Tozzi
Christian Böhm is the new managing partner at the Wortmann Group’s subsidiary Marco Tozzi Shoes GmbH & Co. KG starting from June 1. Böhm, 42, will take the helm from Carsten Humke, who has been working for the Wortmann Group for 39 years and has been managing partner at Marco ...
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News briefs
Craft Sportswear uses Vittoria tire technology for running shoes
The Swedish brand Craft Sportswear and the Italian bicycle tire firm Vittoria have teamed up to create the Craft Xplor, a running shoe that utilizes Vittoria gravel cycling technology. The Craft Xplor, inspired by the versatility of gravel bikes, is meant to provide the same hybrid capabilities, feeling like a ...
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News briefs
Visa and Mastercard to cut fees for US merchants
Visa and Mastercard will reduce their fees following an antitrust class action settlement with US merchants, according to a statement released by the law firm Hilliard Shadowen LLP. The settlement is expected to generate at least $29.79 billion in savings for US merchants in the five years following approval of ...
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News briefs
Alibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer to minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per ...
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News briefs
OTB takes over Calzaturificio Stephen
OTB, the Italian fashion group that owns the brands Diesel, Jil Sander, Maison Margiela, Marni and Viktor&Rolf, has bought a majority stake, through its unit Staff International, in the shoemaker Calzaturificio Stephen. No financial details have been disclosed. Founded in 1967 by Francesco Bertollo, Calzaturificio Stephen specializes in luxury women’s ...
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News briefs
Capri Holdings buys the Tuscan shoemaker Sicla
Capri Holdings has agreed to acquire the Tuscan shoemaker Sicla to bolster its manufacturing capabilities. In 2019, Capri had already bought a Tuscan shoemaker, Alberto Gozzi, located in Pistoia, which supplies the group’s three brands. Sicla produces for Jimmy Choo, the luxury footwear brand owned by Capri along with Michael ...
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News briefs
Humanic continues to expand its retail network
The Austrian footwear chain Humanic continues to expand its retail network with the opening of three new stores, respectively in the southwestern German city of Karlsruhe and in the Austrian cities of Baden and Bregenz. In April, the retailer will open a store in Karlsruhe in the Ettlinger Tor ...
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News briefs
Paige launches a collection of men’s footwear
Paige, a Los-Angeles based premium denim brand, has launched its first collection of men’s footwear. The spring collection comprises four sneakers and two boots retailing between $228 and $378 a pair. The shoes are available on the brand’s website and stores. Paige introduced its first collection of women’s shoes in ...
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News briefs
Noat to launch a collection of dress shoes
Noat will launch a collection of dress shoes with 10 styles in the autumn called Ayelet by Naot. The Israeli footwear company is best known for its sandals. According to Footwear News, the dress shoes will be produced in Italy rather than in Israel, where most of the brand’s shoes ...
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News briefs
Erasmus+ ShoeGame is being rolled out
The Erasmus+ ShoeGame, a project aimed at attracting younger generations to study footwear manufacturing, will be available on its website by the end of March. On March 7 and 8, project partners from Belgium (European Footwear Confederation - CEC), Greece (CTD), Portugal (CTCP and Virtual Campus), Romania (Tuiasi) and Spain ...
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News briefs
A/Impact invests in the Italian sustainable sneaker brand Id.Eight
A/Impact, a venture capital firm, backed by Avanzi - Sostenibilità per Azioni and the asset manager Etica SGR, investing in social and environmentally responsible projects, has decided to invest €350,000 in Id.Eight, a Florence-based sneaker brand that uses waste materials. The funds will help support the brand in its internationalization ...
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News briefs
French footwear sales rise in February
In February, French footwear retail sales rose by a seasonally and working-day adjusted 0.9 percent month-on-month, according to the Bank of France. In January, sales of footwear increased by 1.4 percent. Overall French retail sales rose by 0.2 percent month-on-month in February and sales of manufactured goods grew by 0.5 ...
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News briefs
Italian regulator clears bid to delist Tod’s
The Italian stock market regulator Consob has approved the prospectus for the offer on Tod’s launched by the investment vehicle of L Catteron, a private equity firm backed by the French luxury goods group LVMH. The bid is for 9,255,498 ordinary shares, representing 27.968 percent of the share capital of ...
